Goldgroup begins 24,000m of drilling at San Francisco project

Goldgroup Mining has begun a 24,000m diamond halfway drilling programme astatine its wholly owned San Francisco golden task successful Sonora, Mexico.

The institution aims to update its assets model, optimise the excavation plan, and stitchery structural and method information arsenic portion of preparations to restart mining activities.

Gold accumulation is scheduled to resume astatine the extremity of 2026 oregon successful aboriginal 2027.

According to Goldgroup Mining, this is the archetypal caller drilling undertaken astatine the San Francisco tract successful respective years.

The run is owed to reason successful the 3rd 4th of 2026 and is being funded from interior resources, with an estimated fund of $8m (C$11.33m).

The drilling is intended to supply information for assets updates and proviso the method accusation needed earlier excavation operations recommence.

The San Francisco golden project, which is afloat permitted for a accelerated restart, comprises 2 unfastened pits arsenic good arsenic heap leach processing facilities and associated infrastructure.

Goldgroup Mining reported estimated measured and indicated resources of 1.2 cardinal ounces of gold, based connected an NI 43-101 method study dated 1 May 2026.

The institution indicated plans to further research large-scale targets astatine the tract done follow-up drilling campaigns.

Meanwhile, Goldgroup Mining continues to run its Cerro Prieto heap leach golden mine, besides located successful Sonora.

The institution besides mentioned its ongoing projected concern operation with Gold Resource Corporation.

Gold Resource holds a 100% involvement successful the producing Don David golden excavation successful Oaxaca, Mexico, and the Back Forty gold/silver improvement task successful Michigan, US.

Goldgroup Mining CEO Ralph Shearing said: "What is breathtaking astir the San Francisco task is the anticipation of starting golden accumulation rapidly successful an ongoing beardown golden market.

"This drill programme volition springiness our squad the indispensable accusation to optimise a excavation program for the restart of mining operations. The infrastructure already successful spot astatine the excavation is simply a large vantage to our shareholders, reducing the clip to little than 1 twelvemonth to bring a excavation into accumulation astatine a precise debased superior cost.

"Key worth drivers see the imaginable for accelerated vulnerability to currency travel and the anticipation of important assets and excavation beingness enlargement with exploration find upside."

"Goldgroup begins 24,000m of drilling astatine San Francisco project" was primitively created and published by Mining Technology, a GlobalData owned brand.